Unlimint, a global fintech firm headquartered in London, has expanded its operations to Nigeria following the acquisition of a Payment Solution Service Provider (PSSP) License from the Central Bank of Nigeria (CBN).
This significant achievement enables Unlimint to operate as a registered payment service provider in the region, allowing the implementation of a wide range of payment services and methods that will help regional businesses expand their reach to a local and global audience.
Unlimint, an award-winning worldwide all-in-one fintech with 16 offices on five continents, provides cutting-edge payment options through an ever-evolving financial interface to startups and enterprises everywhere.
The company’s debut in Nigeria comes at a vital juncture in the country’s quest for quicker and more secure payment alternatives. With its extensive background in the international payments business, Unlimint is well-positioned to provide Nigeria with unique services that meet the market need in Nigeria.
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Unlimint looks to be a vital player in the region.
Furthermore, enterprises headquartered in the United Kingdom will be able to quickly extend their operations into Nigeria and provide local clients with a variety of payment choices.
The fintech business has experienced steady growth in recent years. According to Siegemedia, the fintech sector will increase to more than $37 billion USD (£29 billion) by 2026. In 2019, according to a survey published by EY, 64 percent of the world’s population utilized at least one kind of financial technology.
“We are delighted to announce this expansion,” stated Trevor Goott, Director for Africa & India, of this outstanding achievement. Unlimint’s mission is to be a vital player in the area, and it is critical that we ride the wave of digital and technical advances sweeping over the African continent’s financial technology and payments industry.”
“Over the last few years, the region’s technology and payments sector has seen an exciting transformation, with Nigeria at the forefront of the African payments revolution.” The Nigerian economy has considerable potential for supporting the growth of innovative enterprises like Unlimint.”
“We are here to provide businesses, entrepreneurs, and their customers with a safe, secure, and dependable payment experience.” Over the last 13 years, we have been honing our customer journey and payments experience on a worldwide scale, and we are now delivering this capabilities to the Nigerian market.”
“This is the first step in Unlimint’s African market expansion, with additional announcements expected in the coming months.” We are enthusiastic about the many possibilities that our presence in Nigeria will provide for companies and their consumers, and we look forward to being a part of the Nigerian Payments Landscape.”
Businesses could thrive on the company’s services
Kirill Evstratov, CEO of Unlimint said “Unlimint’s expansion to Nigeria is a testament to our unwavering commitment to empowering businesses globally with our innovative payment solutions. We are thrilled to introduce our cutting-edge technology and extensive knowledge to the Nigerian market, and we are convinced that our solutions will help companies of all sizes grow and prosper in the digital era.”
“We also recognise that digital business transactions, in particular, must be borderless and boundless; as such, its financial infrastructure must become more flexible, timely, seamless, and reliable.” Our vision is to build a world where payments are seamless, safe, and accessible to everyone, and launching into Nigeria is an important step towards that goal.”
Service offered by the startup
Unlimint delivers a continually expanding business interface designed by innovators for innovators to fast-growing innovative firms. It aimed to provide innovators with a simple and intuitive financial interface that allows payments to flow freely and obliquely across borders.
By providing a broad variety of services, including payment gateway, card acquiring, business accounts, card issuance, alternative payment methods, and more, the firm assists local customers in entering new markets and global enterprises in exploring new sectors and reaching new milestones.